when you look at barack obama's meeting in london when the global economy was on fire, it is interesting. she laid down the gauntlet we are not going to play by the rules. it has been interesting to look at the limits we have influencing a nation like germany. i asked you, do you think america can influence the international system? i would love to see how you see the challenges ahead and put them in a geostrategic all context. >> i think it is as important as a strong military. i think economics is an answer of rebates as important as traditional policy. i think we have moved from an era where rates are the measure of a nation's strength or vulnerability to an era where sovereign interest rates are a measure of strength or vulnerability. angela merkel can tell you what the spread is on the most recent greek bond auction -- option. the world has always looked to the u.s. in a somewhat perplexed fashion. people thought we would never get off the ground all those years ago. they are at once cheering for us to be successful, but bottom line is we came through a crisis. japan and an underval